Property sales in the Wairarapa district at 54 in the month showed a significant fall on a seasonally adjusted basis in June but reflected a 26% rise as compared to a year ago. The inventory of unsold houses on the market fell to 85 weeks to return to below the long-term average of 98 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $221,000 was up 12% as compared to a year ago and continues a steady decline through the year. The asking price expectation of new listings was down 7% as compared to a year ago at $253,874.

The level of new listings coming onto the market in June at 190 was up as compared to May and up a very significant 62% as compared to a year ago.